| 2 | | - | |
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| 3 | | - | |
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| 2 | + | (In the Senate - Filed February 28, 2025; March 13, 2025, |
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| 3 | + | read first time and referred to Committee on Education K-16; |
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| 4 | + | April 7, 2025, reported adversely, with favorable Committee |
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| 5 | + | Substitute by the following vote: Yeas 9, Nays 0, one present not |
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| 6 | + | voting; April 7, 2025, sent to printer.) |
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| 7 | + | Click here to see the committee vote |
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| 8 | + | COMMITTEE SUBSTITUTE FOR S.B. No. 1750 By: Bettencourt |
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| 14 | 19 | | (d) Subject to Subsections [Subsection] (e) and (e-1), in |
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| 15 | 20 | | addition to other amounts provided by this section, a charter |
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| 16 | 21 | | holder is entitled to receive, for the open-enrollment charter |
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| 17 | 22 | | school, an annual allotment [funding] per student in average daily |
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| 18 | 23 | | attendance [in an amount] equal to [the guaranteed level of state |
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| 19 | 24 | | and local funds per student per cent of tax effort under Section |
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| 20 | 25 | | 46.032(a) multiplied by] the lesser of: |
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| 21 | 26 | | (1) the state average interest and sinking fund tax |
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| 22 | 27 | | rate imposed by school districts for the current year multiplied by |
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| 23 | 28 | | the guaranteed level of state and local funds per student per cent |
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| 24 | 29 | | of tax effort under Section 46.032(a); or |
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| 25 | 30 | | (2) the maximum amount of the basic allotment provided |
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| 26 | 31 | | under Section 48.051 for the applicable school year multiplied by |
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| 27 | 32 | | 0.06 [a rate that would result in a total amount to which charter |
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| 28 | 33 | | schools are entitled under this subsection for the current year |
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| 29 | 34 | | equal to $60 million]. |
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| 30 | 35 | | (e-1) A charter holder is entitled to receive funding under |
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| 31 | 36 | | Subsection (d) for an open-enrollment charter school only if the |
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| 32 | 37 | | governing body of the school annually certifies in writing to the |
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| 33 | | - | agency that none of the following derives any financial benefit |
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| 34 | | - | from a real estate transaction with the school: |
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| 35 | | - | (1) an administrator, officer, or employee of the |
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| 36 | | - | school; |
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| 37 | | - | (2) a member of the governing body of the school or its |
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| 38 | | - | charter holder; or |
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| 39 | | - | (3) a person related within the third degree by |
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| 40 | | - | consanguinity or second degree by affinity, as determined under |
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| 41 | | - | Chapter 573, Government Code, to a person described by Subdivision |
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| 42 | | - | (1) or (2). |
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| 38 | + | agency that no administrator, officer, or employee of the school |
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| 39 | + | and no member of the governing body of the school or its charter |
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| 40 | + | holder derives any personal financial benefit from a real estate |
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| 41 | + | transaction with the school. |
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| 43 | 42 | | (f) Funds received by a charter holder under Subsection (d) |
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| 44 | 43 | | may only be used: |
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| 45 | 44 | | (1) to lease an instructional facility; |
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| 46 | 45 | | (2) to pay property taxes imposed on an instructional |
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| 47 | 46 | | facility; |
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| 48 | 47 | | (3) to pay debt service on bonds issued to finance an |
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| 49 | 48 | | instructional facility; [or] |
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| 50 | 49 | | (4) for any other purpose related to the purchase, |
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| 51 | 50 | | lease, sale, acquisition, or maintenance of an instructional |
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| 52 | 51 | | facility; |
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| 53 | 52 | | (5) to purchase or pay debt service on bonds issued to |
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| 54 | 53 | | finance the purchase of school buses; |
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| 55 | 54 | | (6) to purchase or pay debt service on bonds issued to |
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| 56 | 55 | | finance the acquisition or update of technology equipment used to |
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| 57 | 56 | | support instruction; |
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| 58 | 57 | | (7) to pay debt service on bonds issued to improve |
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| 59 | 58 | | school safety and security in accordance with the requirements of |
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| 60 | 59 | | Section 37.351; or |
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| 61 | 60 | | (8) to pay debt service on bonds issued to finance the |
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| 62 | 61 | | construction, acquisition, or equipment of performing arts |
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| 63 | 62 | | facilities or athletic facilities, other than a stadium with |
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| 64 | 63 | | seating capacity for more than 1,000 spectators. |
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